BTCUSDT
ðŠ In the daily timeframe, the trend is moving between the ranges of $73,700 and $60,700 in a fluctuating manner. As you can see, the price has experienced a slight increase, and after the increase, it faced a negative reaction from the price range of $71,400 and is currently trading at $65,100.
ðšOne scenario we can consider in the daily timeframe is that the price may experience some corrections until the lower range of the box, around $64,800/$62,900. Then, if confirmed in lower timeframes, we can expect a positive reaction from the price around these areas. To better understand the continuation of the trend, we need to see how the price reacts to these areas.âïļ
ðšAdditionally, if the price faces selling pressure and breaks below the $60,700 price range, the probability of a further correction to $59,000 increases. In case the correction continues, the next targets are also indicated in the image above.âïļ
This is not financial advice, thoughâ Do research before making investment decisions.
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!â
if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!ð
ðšOne scenario we can consider in the daily timeframe is that the price may experience some corrections until the lower range of the box, around $64,800/$62,900. Then, if confirmed in lower timeframes, we can expect a positive reaction from the price around these areas. To better understand the continuation of the trend, we need to see how the price reacts to these areas.âïļ
ðšAdditionally, if the price faces selling pressure and breaks below the $60,700 price range, the probability of a further correction to $59,000 increases. In case the correction continues, the next targets are also indicated in the image above.âïļ
This is not financial advice, thoughâ Do research before making investment decisions.
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!â
if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!ð
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Currently, the scenario we can consider is to maintain the support ranges until the $70,000 range with positive fluctuations. Rejection of positive fluctuations would determine how the price reacts to the intended range. If there is a breakthrough and consolidation above the price ranges of $70,000 / $71,000, there is a possibility of a price increase towards targets of $75,000 / $78,000 / $80,000. Additionally, in case of failure to maintain the support ranges and consolidation, the likelihood of further correction increases for a while. The support and resistance ranges are also indicated in the above image.